49-43-2. Delivery constitutes bailment rather than sale.
46 words·~1 min read·
/sd/title-49/chapter-49-43/49-43-2A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
If any grain is delivered to any person doing a public grain warehouse business in this state and is held in open storage, in a grain bank account, or placed on a warehouse receipt, the delivery is a bailment and not a sale of the grain.